There are speculations that the Google Nexus 7 2016 release date may happen next month. The highly-anticipated tablet is believed to be available during the Google I/O 2016 event.

Neurogadget reported that there are more rumors about the Google Nexus 7 2016 release date. Apparently, the search engine giant could unveil the tablet during the Google I/O 2016 event.

The conference is being held at Shoreline Ampitheater in Mountain View, CA. The event started on Wednesday, May 18, and will end on Friday, May 20, 2016.

There have been several reports suggesting that the Google Nexus 7 2016 release date will be happening during those days. However, the event has ended but there's still no sign of the device.

This led to rumors that the Google Nexus 7 2016 release date may be slated instead for late Q3 or early Q4 this year. According to Christian Times, it is possible that the company is waiting for Android N to become mainstream before unveiling the product.

The publication added that the gadget will be friendly to the customers' budget. Unlike its predecessors, the Nexus 7 is expected to have a maximum price of $400.

It was also claimed that the Nexus 7 2016 will have a 7-inch QHD display with 1920 x 1080 resolution. It is believed to be powered by the Snapdragon 625 with 4 GB of RAM.

The Google Nexus 7 2016 tablet is said to have three variations for its internal memory. The smallest size will be at 32 GB, followed by 64 GB and 128 GB. It may also feature microSD support of up to 2 TB.

PC Advisor noted that talks about Nexus 7 2016 began last October after Asus chairman Jonney Shih teased about the possibility of a third-generation tablet. The announcement was made during an interview with Trusted Reviews.

"So for the [first-generation] Nexus, I think that both parties feel that this will be an exciting product, with this kind of...price and this kind of functionality and quality," Shih said. "Even [the second-generation Nexus 7], we moved to the Full HD screen, and we still believe in this kind of beauty. It still makes sense. But then the next one actually takes a lot of discussion."